![]() ![]() —Bruce Lee |
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10th November 2017 | SHARE THIS
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The Story | |||||
Fortuna Entertainment Group (FEG) wants to be the top gambling operator in five regional markets in Central and Eastern Europe by 2020. |
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That is a lofty plan! |
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FEG released its fiscal report card for the first nine months of 2017, during which total amounts staked at the company's operations surged 69.1% to €1.3b. FEG has a presence in the Czech Republic, Slovakia, Poland and recently expanded into Romania, Croatia and Spain. |
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The numbers seem to be in their favor. |
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FEG was able to overcome its unfavorable sports results early this year to post a combined revenue of €185.3m, a year-on-year increase of 54.1%. |
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FEG was also able to capitalize on their recent moves. |
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This year's acquisitions have reshaped FEG's geographical revenue profile: the company sustained losses at the Czech and Slovakia markets but its revenue share in Poland increased. |
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But not all things are rosy for FEG. |
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Despite all the high double-digit gains, FEG's total net profit for the year-to-date was down 18% to €7.9m. |
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Takeaway |
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The current numbers show that FEG is well on its way of becoming the number-one licensed betting and gaming operator in its current five Central and Eastern Europe ((CEE) markets. It is currently the top operator in Romania, while it's a solid runner-up in Czech Republic, Slovakia, Poland and Croatia. |
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Asia Gaming Summit 2017 day 2 recap |
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Stephanie Tower continues to bring you the highlights of the second day of the Asian Gaming Summit from Taipei. |
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Galaxy Entertainment Group posts $2B in Q3 | |||||
Galaxy Entertainment Group announced that its third quarter revenue was at HK$15.9 billion (US$2.0 billion) compared to last year's HK$12.9 billion ($1.65 billion). |
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Bet365, Planetwin365 war for Italy's online sports betting crown | |||||
UK online gambling operator Bet365 became the undisputed ruler of online sports betting in Italy with an astonishing 29.45% of the total €72.2m generated by Italian-licensed online operators in October. |
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Connecticut tribes to start work on joint venture casino | |||||
Connecticut's two tribal gaming operators will start working on the controversial joint venture casino before the end of the year. |
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Around 3.8 million people played daily fantasy sports for money in 2015. Heavy users–1% of those people–accounted for 60% of entry fees for the sites. |
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Use roadmapping to determine pertinent technologies such as Artificial Intelligence, Virtual Reality, and Blockchain that will help in the growth of your business. |
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Global Gaming Expo Asia 2018 gets set for Industry Heavyweights |
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Global Gaming Expo (G2E) Asia will be returning to Macau, the heart of Asian gaming, from May 15-17, 2018 at The Venetian Macao. |
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College football fans, let's huddle! The updates college football futures show that it's down to a two-man race to win the sport's most important individual award: Penn State running back Saquon Barkley and Oklahoma quarterback Baker Mayfield. For more sports betting odds, click here. |
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Want to be a guest contributor? Email bill@calvinayre.com |
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